BS6 Fuel Set To Be More Expensive From April 2020: Report
Refineries have spent more than Rs. 30,000 crore to improve its facilities to make sure thatBS6 fuel is ready before the updated emission norms kick in on April 2020.
With BS6 norms kicking in from April 2020, the government has said that the fuel upgraded fuel required will be available by March in certain cities.
We’ve already told you that automakers are gearing up to meet this deadline and the changes that have to made to the cars to be able to achieve the BS6 emission standards, will see car prices rise.
However, a report in the Hindustan Times suggests that petrol and diesel prices will also go up from April 2020 as fuel retailers are looking to pass on the higher cost of producing BS6 compliant fuel.
The officials expect a price increase of anywhere between a few paise to a maximum of ₹ 2, which is likely to be charged in the form of a special cess or duty.
In fact within hours of the announcement of the Union Budget, there was a hike made in cess on fuel prices, petrol prices shot up by Rs 2.50 per litre while diesel prices went up by Rs 2.30 per litre.
CONTENT SOURCE : AUTO NDTV